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Global Engineering Services Market Size, Share, Industry Trends, Region And Growth Forecast To 2031 | Tata Consulting Services (TCS), Infosys, WorleyParsons, Deaton Engineering, Inc., Aricent Group

11-23-2022 11:59 AM CET | IT, New Media & Software

Press release from: The Business research company

Engineering Services Market

Engineering Services Market

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The global engineering services market report by the business research company, the engineering services market is expected to benefit from steady economic growth in developed and developing countries. The International Monetary Fund (IMF) predicts that the global real GDP growth will be 3.7% over 2019, 2020, and 3.6% from 2021 to 2023. This trend will be mainly driven by regions of Asia and Africa. According to the report, Asia will represent 66% of the global middle-class population by 2030.

The global engineering services market is expected to grow from $1,038.83 billion in 2021 to $1,110.20 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1,271.62 billion in 2026 at a CAGR of 3.5%.

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Major players in the engineering services market are Tata Consulting Services (TCS), Infosys, WorleyParsons, Deaton Engineering, Inc., Aricent Group, Cybage Software Pvt. Ltd., EPAM Systems; Inc. and GlobalLogic.

The global engineering services market is segmented -
1) By Type: Civil Engineering Services, Electrical Engineering Services, Mechanical Engineering Services, Other Engineering Services
2) By End User: Automotive, Industrial Manufacturing, Construction, Aerospace, Telecommunications, Information Technology, Energy & Utilities, Other End Users
3) By Engineering Disciplines: Civil, Mechanical, Electrical, Piping and Structural Engineering, Other Engineering Disciplines

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The Engineering services Market Report Contents Include
1. Executive Summary
2. Engineering Services Market Characteristics
3. Engineering Services Market Trends And Strategies
4. Impact Of COVID-19 On Engineering Services
5. Engineering Services Market Size And Growth
....
26. Africa Engineering Services Market
27. Engineering Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Engineering Services Market
29. Engineering Services Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the engineering services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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